HomeMy WebLinkAboutResolution - 3429 STATE OF CALIFORNIA ) RESOLUTION NO. 3429
COUNTY OF RIVERSIDE) ss
CITY OF SAN JACINTO )
A RESOLUTION OF THE CITY COUNCIL OF THE CITY
OF SAN JACINTO, CALIFORNIA, ESTABLISHING THE
APPROPRIATIONS LIMIT FOR FISCAL YEAR 2012-2013
WHEREAS, Article XIIIB of the California Constitution provides for
establishment of a formal appropriations limit from the proceeds of taxes; and
WHEREAS, a formal appropriations limit has not been established for
Fiscal Year 2012-2013; and
WHEREAS, the California Department of Finance has provided per capita
personal income and population change data for calculating the allowed increases in
the appropriations limit for fiscal year 2012-2013; and
WHEREAS, the California personal income tax factor has increased for
fiscal year 2012-2013; and
WHEREAS, the City of San Jacinto elects to select the methods of
calculation using 1) the increase in the California Per Capita Income in lieu of the
decrease in the non-residential assessed valuation due to new construction within the
City and 2) the population growth of the County of Riverside in lieu of the population
growth within the City, and
WHEREAS, attachment A to this resolution provides the calculation for the
2012-2013 appropriations limit;
NOW, THEREFORE, BE IT RESOLVED, determined, and ordered by the
City Council of the City of San Jacinto, County of Riverside, State of California, as
follows:
The appropriations limit from proceeds of taxes is hereby established as
$37,980,534 for fiscal year 2012-2013.
PASSED, APPROVED AND ADOPTED at a regular meeting of the City
Council on the 19th day of June, 2012, by the following vote:
Ayes: Bartel, Ledezma, Miller, Kotyuk
Nays: Di Memmo
Absent: None
Abstain: None
City of San Jacinto
by AndrevOlF. Kotyuk, Mayor
ATTEST:
f 1 L'�tL
Richard Miller, City Clerk
Attachment A
CITY OF SAN JACINTO
APPROPRIATIONS LIMIT
FISCAL YEAR 2012-13
Amount
A. Fiscal Year 2011-2012 Appropriation Limit $ 36,240,968
B. Adjustment Factors:
1. County Population Percentage % change of 0.99% 1.0099
2. State Per Capita Personal Income % change of 3.77% 1.0377
B.1. x B.2. = 1.0480
C. Fiscal Year 2012-2013 Appropriation Limit -A. X 1.048 = $ 371980,534